Likewise is a fast growing flooring distributor, having been established in 2018 and grown acquisitively and organically. It has reached an inflexion point in terms of revenue, we forecast £65m in FY21, it reported £28.0m in H1 (+53% yoy), and expect organic growth will see it reach £119.0m per annum over the four-year forecast period. All parts of the business are profitable, and the physical and human footprint is already in place to substantially grow profitability on the back of market share ....

28 Sep 2021
Likewise Group plc (LIKE LN) - Initiation: Positioned for growth

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Likewise Group plc (LIKE LN) - Initiation: Positioned for growth
Likewise Group Plc (LIKE:LON) | 24.0 0.1 2.1% | Mkt Cap: 58.8m
- Published:
28 Sep 2021 -
Author:
Andy Hanson -
Pages:
36 -
Likewise is a fast growing flooring distributor, having been established in 2018 and grown acquisitively and organically. It has reached an inflexion point in terms of revenue, we forecast £65m in FY21, it reported £28.0m in H1 (+53% yoy), and expect organic growth will see it reach £119.0m per annum over the four-year forecast period. All parts of the business are profitable, and the physical and human footprint is already in place to substantially grow profitability on the back of market share ....